Can you transfer a sep IRA into a simple IRA?

Yes, you can transfer a SEP IRA into a SIMPLE IRA, but it must be done in compliance with IRS rules. The transfer is typically treated as a rollover, and you must ensure that the funds are moved directly between the two accounts to avoid tax implications. Additionally, both accounts must be held by the same financial institution or done as a trustee-to-trustee transfer. It's advisable to consult a financial advisor or tax professional to understand the implications and ensure proper handling of the transfer.